Les Moonves hates newspapers! Or at least that's the impression one might get based on recent comments he made recently at an annual advertising conference. The CBS head, who recently spearheaded the company's surprising $1.8 billion purchase of CNET earlier this year, says that one of the upshots of CBS's foray into the new media world is that it will "eliminate the need for dead tree media."

One of the advantages of the Internet is we're taking money away from the newspapers.